Geographic and Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Geographic and Segment Information

14. Geographic and Segment Information

The Company had previously reported its results of operations under one operating segment. During the second quarter of 2015, organizational changes were made to (i) realign the Company’s businesses and organizational structure and (ii) streamline and consolidate certain business processes to achieve greater operating efficiencies. In furtherance of these objectives, the Company combined its Display Solutions and Power Solutions business lines into a new segment called Standard Products Group. Beginning in the second quarter of 2015, the Company began reporting its financial results in two operating segments: Semiconductor Manufacturing Services and Standard Products Group. During the third quarter of 2015, the Company changed the name of its Semiconductor Manufacturing Services segment to Foundry Services Group. The Company’s chief operating decision maker is its Chief Executive Officer who allocates resources and assesses performance of the business and other activities based on gross profit. The two newly established operating segments were managed prospectively and all prior period amounts related to the segment change have been retrospectively reclassified to conform to the new presentation.

The following sets forth information relating to the operating segment:

	Three Months Ended				Six Months Ended
	June 30, 2016		June 30, 2015		June 30, 2016			June 30, 2015
Net Sales
Foundry Services Group	$	62,310	$	78,962	$	122,289		$	153,482
Standard Products Group
Display Solutions		74,406		48,918		132,465			105,271
Power Solutions		30,213		33,995		60,131			67,832
Total Standard Products Group		104,619		82,913		192,596			173,103
All other		177		140		326			315
Total net sales	$	167,106	$	162,015	$	315,211		$	326,900
	Three Months Ended				Six Months Ended
	June 30, 2016		June 30, 2015		June 30, 2016			June 30, 2015
Gross Profit
Foundry Services Group	$	14,187	$	17,183	$	28,480		$	32,560
Standard Products Group		22,385		17,963		43,145			37,388
All other		177		140		(627	)		315
Total gross profit	$	36,749	$	35,286	$	70,998		$	70,263

The following is a summary of net sales by geographic region, based on the location to which the products are billed:

	Three Months Ended
	June 30, 2016		June 30, 2015
Korea	$	46,822	$	61,755
Asia Pacific (other than Korea)		100,107		75,582
U.S.A.		8,338		20,310
Europe		11,749		3,708
Others		90		660
Total	$	167,106	$	162,015

	Six Months Ended
	June 30, 2016		June 30, 2015
Korea	$	97,450	$	124,225
Asia Pacific (other than Korea)		181,900		154,759
U.S.A.		13,114		39,680
Europe		22,266		7,361
Others		481		875
Total	$	315,211	$	326,900

Net sales from the Company’s top ten largest customers accounted for 68% and 65% for the three months ended June 30, 2016 and 2015, respectively, and 65% and 66% for the six months ended June 30, 2016 and 2015, respectively.

For the three months ended June 30, 2016, the Company had one customer that represented 29.4% of its net sales, and for the six months ended June 30, 2016, the Company had two customers that represented 24.3% and 11.0%, respectively.

For the three months ended June 30, 2015, the Company had two customers that represented 14.8% and 10.8% of its net sales, respectively. For the six months ended June 30, 2015, the Company had three customers that represented 15.1%, 11.3% and 10.1% of its net sales, respectively.

96% of the Company’s property, plant and equipment are located in Korea as of June 30, 2016.